Global Snack Pellet Equipment Market was valued US$ XX Bn in 2018 and is expected to reach US$ 2.3 Bn by 2026, at a CAGR of around XX % during a forecast period.
Global Snack Pellet Equipment Market
Growing adoption for processed snack pellets owing to busy lifestyles is driving the demand for snack pellet equipment market. Additionally, the increase in advancement in equipment & technologies of snack pellet is also projected to influence the snack pellet equipment market significantly. Moreover, the growing demand for various type of snack pellet food products among the individual in the developing nations is expected to fuel the snack pellet equipment market globally. Emerging, government initiatives to increase the processed snack pellet market, is expected to generate untapped opportunity for the market participants.
However, the Presence of acrylamide in processed and packaged foods, and harmful concerns related to high exposure to acrylamide is also expected to act as a restraint to the market growth.
The report covers all the trends and technologies playing a major role in the growth of the snack pellet equipment market over the forecast period. It highlights the drivers, restraints, and opportunities expected to influence the market growth during the forecast period.
The potato-based segment is expected to grow at the highest XX% CAGR during the forecast period. Increasing user preference for ready-to-eat foods has led to a surge in demand for snack pellet equipment. The snack pellet market is determined by the growing need for convenience, owing to the busy lifestyles of consumers. Rising each capita income and the increasing number of working women globally have extra driven the snack pellet market growth.
The extrusion segment held the dominant XX% market share in 2018. The food industry requires high-quality and reliable equipment with advanced functionalities to produce effective results and satisfy the needs of consumers. Industrialists in the snack pellet extrusion market are mainly focusing on producing various forms of snack pellets for their customers globally. With the advancements in technology, the designs of extrusion screws have improved over the years with innovations.
The Asia Pacific is expected to hold the largest XX% share of the market for the snack pellet equipment during the forecast period. The growth of the region is majorly driven by the rapid urbanization and growing customer awareness of the benefit of snack pellets in various countries. Moreover, the growing working atmosphere in countries such as India and China also aids in the growth of Asia Pacific in the snack pellet equipment market.
A report covers the recent development in the snack pellet equipment market like in November 2017, GEA (Germany) acquired Pavan Group (Italy) to expand in the snack pellet equipment market and increase their market share.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Snack Pellet Equipment Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Global Snack Pellet Equipment Market.
Scope of the Global Snack Pellet Equipment Market
Global Snack Pellet Equipment Market, By Equipment Type
Twin Screw Extruder
Single Screw Extruder
Global Snack Pellet Equipment Market, By Product type
Global Snack Pellet Equipment Market, By Form
Global Snack Pellet Equipment Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Snack Pellet Equipment Market
• GEA Group
• Buhler AG
• Kiremko BV
• Groupe Legris Industries
• N.P. & Company
• Jas Enterprises
• Grace Food Processing & Packaging Machinery
• AC Horn Manufacturing
• Mutchall Engineering
• Radhe Equipments India
• Tsung Hsing Food Machinery
• Jinan Dayi Extrusion Machinery
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